Katusa, page-22

Playing Devil's advocate to support the very low SP at the moment.
- T1 extension/underground drilling started several Month's ago and there has been no news at all (could assume that drilling has gone poorly). Inside holders would probably have more idea of what is happening there.
-T3 underground/extension has also been going several Months with little news. (No indication of whether it will be worth scoping study). Personally T3 is no worries for me and an economic UG is bonus at this stage given existing robust open pit (and potential A4 feed)
-TRex drilling, a bit was made of the potential there, however that drilling was aborted once T3 dome area permissions came in (so,)a strike through T-Rex?)
-A4 specific, holes 03 and 08 have indicated large mineralizations ("infill drilling required to confirm they are connected") however 06 is smack inbetween these two holes with no reporting?
(Does not continue as a solid connected mineralization?) NPF seems to indicate wavey mineralization and a bit less 'dome' like than T3.
-T3 dome target drilling :
In announcements it says "Success with first dome",i.e. A4, but there are 6 domes they were targetting and I think I recall at least one other (aside from A4) was drilled and no further news.
* Have any domes other than A4 been drilled?
* What are the results?
* If poor, then the EM exploration method isn't a gauranteed success (announcements have admittedly boasted of A4 success connected with the EM process, but what of other targets they have drilled?)
* Extended period of large selling with no new large holders coming on board. Even with company doing conferences and taking investors to Botswana, I haven't noticed any larger trading to indicate larger investors taking positions (sentiment is not bullish from the outside).

I think there is a lot going on on the ground, but announcements have only given us snippets of the high points, so there is a great deal of the picture in limbo at the moment.
T1 UG = ?
T3 UG = ?
A4 = good so far but ? Until assays
T-Rex = ?/aborted
T3 dome targets = ? (and possible domes other that A4 already drilled but no news, = no hits??)

This is still a buy for me for all reasons previously posted and i'm still in MOD pretty heavily for the long haul,,, but the current question marks I would think from outside could be asked, and new money hesitant to buy in whole a lot of the picture is still unknown..


Happy for feedback!!!